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8301 S Figueroa St, Los Angeles, CA 90003
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8301 S Figueroa St Los Angeles, CA 90003

$2,300,000
  • 1 Beds
  • 20 Baths
  • 5,002 Sq.Ft.
For Sale
$2,300,000 Get Pre-Qualified
Map preview of 8301 S Figueroa St, Los Angeles, CA 90003

Property Overview: 8301 S Figueroa St Los Angeles, CA has 1 bedrooms, 20 bathrooms, 5,002 living square feet and 8,250 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: We are excited to present this exceptional 2-story, 19-room hotel, plus an additional 1 bed/1 bath manager's unit with an office and kitchen, located at 8301 S Figueroa St in vibrant South Los Angeles. This versatile property is perfect for conversion or redevelopment into transitional housing. The hotel features 17 rooms, each approximately 200 square feet, fully equipped with full bathrooms, queen beds, window AC units, televisions, desks, chairs, microwaves, and refrigerators. One room offers extra space at 225 square feet, furnished with a king bed and all the mentioned amenities. Additionally, a spacious 300 square foot room comes with two double beds and the same quality furnishings. The property is securely gated and includes 12 surface parking spaces, ensuring convenience and safety for residents. Its prime location offers a short walk to the Manchester and Figueroa intersection, both streets bustling with transit options, and the nearby 110 Freeway, making it ideal for commuters. Currently Section 8 is offering up to $2,132 for a unit. If a prospective buyer were to convert these units into section 8 housing, then there would be substantial returns. (Buyer to do their own due diligence.) Don't miss this unique opportunity to invest in a property with incredible potential. Contact us today for more information and to schedule a viewing.

Listed by Stephen F. Watson | BRE #01187813 | Keller Williams Downtown LA
Co-listed by Michael R. Fukushima | BRE #01380445 | Keller Williams Downtown LA
Last checked: 6 minutes ago | Last updated: June 28th, 2024 | Source CRMLS | DOM: 9
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Home details

Lot Sq. Ft
8,250
HOA Dues
$0/mo
Year built
1964
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24406523
City
Los Angeles
County
Los Angeles
Time on Site
8 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,407
Unit Breakdown 2
  • # of Units: 19
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Furnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $30,362
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 6.31
  • Gross Scheduled Income: --
  • Net Operating Income: $236,824
  • Gross Operating Income: $364,344
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 8301 S Figueroa St

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Property Details for 8301 S Figueroa St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Microwave, Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Gated
Property Information
  • Total # of Units: 20
  • Parcel Number: 6032020001
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Take 110 freeway and get off at Manchester. Drive shortly on Manchester due West and then turn North on Figueroa. Property is on the left in 3 blocks.
View more facts & features

Local Los Angeles Agent

Sale History for 8301 S Figueroa St

Last sold on November 21st, 2019

  • June, 2024

  • Jun 20, 2024

    Date

    Active

    CRMLS: 24406523

    $2,300,000

    Price

  • November, 2019

  • Nov 21, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2018

  • Feb 1, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 8301 S Figueroa St

Assessed Value (2020): $1,407,475
Year Land Value Improved Value Assessed Value
2020 $562,990 $844,485 $1,407,475

Home Value Compared to the Market

This property vs the competition

8301 S Figueroa St is listed 86.08% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $459.82 per/sqft which puts the price per square foot 40.67% lower than the median price per square foot for the city of Los Angeles.

About 8301 S Figueroa St

Detailed summary of property

8301 S Figueroa St is a multi family located in Los Angeles, CA 90003 and is currently for sale. This multi family property offers 1 bedrooms, 20 bathrooms, roughly 5,002 living square feet, and sits on an approximately 8,250 square foot lot. 8301 S Figueroa St was first listed on ArdentRealEstateGroup.com on June 21, 2024. The homeowner is currently asking $2,300,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 86.08% higher than the median priced home. Local competing homes currently for sale include 4177 S Normandie Ave, 6821 11th Ave and 2900 W 54th St. While the average home in Los Angeles, CA is selling in 99 days, 8301 S Figueroa St has a days on market of 9 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 8301 S Figueroa St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8301 S Figueroa St

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
5,002
Lot Size
8,248
Stories
2
Type
Motel
Pool
No
Spa
No
County
Los Angeles
Lot#
31
APN
6032-020-001

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$583
Median Sold Price
$535,000
Median Sold Price/Sq.Ft.
$575
Total Inventory
42
Median Sale to List Price %
101.9%
Avg Days on Market
34
Loan Type
Conventional (0%), FHA (11.11%), VA (11.11%), Cash (44.44%), Other (33.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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